PSUs Can Help Cut Fisc Deficit: Crisil

Dec 26 2013

December 26: Mukesh Agarwal, President at Crisil Research, says the top 20 PSUs have large cash holdings of which Rs.20,000 crore dividend payout can be given to the government. Shortfalls in government revenues, disinvestment will put the fiscal deficit at 5.2% this year, he says, adding that PSU cash reserves give the government an alternate source of income.